Mlg Oz Ltd · ASX:MLG
Mlg Oz — Investor Presentation (August 2025)
25 slides from Mlg Oz's investor presentation, Aug 20, 2025
Slide 1: Full Year Financial Results
FULL YEAR FINANCIAL RESULTS For the year ended 30 June 2025
Slide 2: Sustained Growth in Revenue and Margin
REVENUE $540.4m SUSTAINED GROWTH IN REVENUE AND MARGIN. ($474.8m FY24) 13.8% EBITDA $66.1m FY2025 EBITDA ($55.3m FY24) 19.5% EBIT $23.4m $36.8m ($20.1m FY24) 15.9% 13.5% Margin %1 $66.1m NPAT $12.1m $29.3m ($11.0m FY24) 10.0% Margin %1 10.9% NTA/SHARE H1 FY25 H2 FY25 FY25 107.0c 1. EBITDA margins ar
Slide 3: FY2025 Highlights
FY2025 HIGHLIGHTS • Very strong revenue through the second half with significant demand from clients to deliver higher volumes to their processing hubs. • Higher rates across site services and haulage business combined with deployment of crushing fleet in second half has materially improved margin (
Slide 4: Continued Growth in Revenue
CONTINUED GROWTH Pro Forma1 Revenue IN REVENUE $540.4m $468.6m 32.4% $375.2m CAGR $286.8m $254.0m $199.6m $205.1m $132.7m FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1. Pro Forma revenue offsets fuel tax credits and other income against costs of sales 4
Slide 5: About MLG
ABOUT MLG 5 FY2025 FINANCIAL RESULTS
Slide 6: Providing Critical Infrastructure to Mineral Processing
PROVIDING CRITICAL INFRASTRUCTURE TO MINERAL PROCESSING Road maintenance Mine planning and design Tailings storage facility lifts Drill and blast services Rehabilitation work Ore extraction and removal Bulk earthworks Mine Mine Contract crushing mobile plant Client Build owned and
Slide 7: Revenue Is Primarily Driven from the Gold Sector
REVENUE IS PRIMARILY DRIVEN FROM THE GOLD SECTOR • Significant industry investment in processing capacity has exponentially increased the demand for haulage and site services • High gold price driving volume demand • Higher barriers to entry as regulatory environment tightens • Off-road haulage requ
Slide 8: Our Significant Footprint
OUR SIGNIFICANT FOOTPRINT 8 FY2025 FINANCIAL RESULTS
Slide 9: Overall Scale and Maturity of Business Has Evolved
OVERALL SCALE AND MATURITY Over $500m in Revenue OF BUSINESS HAS EVOLVED. Over $200m in plant and equipment Servicing top tier Gold Producers Modern technology platforms delivering comprehensive data analytics Strong cash generation Flexible debt structure (fixed rate equipment finance with multiple
Slide 10: Financial Performance
FINANCIAL PERFORMANCE 10 FY2025 FINANCIAL RESULTS
Slide 11: Strong Growth in Financial Performance
For the period ended 30 June 2025 STRONG GROWTH IN Pro Forma Pro Forma Statutory Statutory FINANCIAL PERFORMANCE $000’s Notes FY25 FY24 Pro forma1 REVENUE Mine Site Services and Bulk Haulage 494,886 413,141 15.3% $540.4m Crushing and Screening 45,508 55,477 $468.6m REVENUE 1 15.3% 540,394 468,618 $A
Slide 12: Material Increase in EBITDA Supported by Rising Margins
$70.0m 19.0% EBITDA $65.0m $66.1m $60.0m 17.0% MATERIAL INCREASE IN EBITDA $55.0m $55.3m 15.0% SUPPORTED BY RISING MARGINS $50.0m 12.2% 13.0% 1 $45.0m 11.8% Margin % $40.0m 11.0% 9.3% $35.0m 10.5% 9.0% $35.0m • Significant increase in profit in H2 with fully mobilised crushing fleet, $30.0m $30.1m 7
Slide 13: Stronger Balance Sheet
Parent Entity Parent Entity $000’s STRONGER BALANCE SHEET 30 June 2025 30 June 2024 Cash and cash equivalents 9,241 5,861 Trade and other receivables 74,416 67,456 Inventories 18,653 18,586 • Net assets up 11.0% to $145.2m Total current assets 102,310 91,904 Property, plant and equipment 211,413 194
Slide 14: Continued Strong Cashflow
Operating Cashflow CONTINUED STRONG CASHFLOW $'000 FY24 FY25 EBITDA 55,288 66,099 Payments from Customers 497,966 585,997 • $57.8m operating cashflow Payments to suppliers (444,983) (530,279) − Income tax payments now being made as impact of Finance Costs (869) (1,038) instant asset write offs end (
Slide 15: Reduction in Gearing Has Strengthened Balance Sheet
REDUCTION IN GEARING HAS STRENGTHENED BALANCE SHEET $75.0m 2.50 • $57.8m Net Debt 0.88x Gearing Ratio 2.00 $60.0m • Higher Net debt in H1 reflects investment made in 1.50 anticipation of growth $45.0m • Gearing ratio continues to trend down 1.00 • Significant debt capacity in existing facilities $30
Slide 16: Debt Funded Through Equipment Finance (Asset Backed)
DEBT FUNDED THROUGH EQUIPMENT FINANCE (ASSET BACKED) Available working capital liquidity as at 30 June 2025 Financial Liabilities $29.0m ($20.0m Overdraft + $9.0m Cash) Finance Companies, 7% EQUIPMENT FINANCE DEBT Big 4 Banks, • Individual loans secured against each asset 23% • Fixed rate interest f
Slide 17: Outlook
OUTLOOK 17 FY2025 FINANCIAL RESULTS
Slide 18: MLG Has Established a Strategically Strong Market Position
MLG HAS ESTABLISHED A STRATEGICALLY STRONG MARKET POSITION ~95% Expansion Large Revenue Tier 1 Unique History of Growing modern Gold Iron Offering Growth Margins Fleet Sector Ore FULLY INTEGRATED SERVICE OFFERING Mining, Haulage, Crushing and Screening, Site Services, Civil Construction, and Constru
Slide 19: Outlook Remains Strong with Continued Expectation of High Levels of Customer Demand
OUTLOOK REMAINS STRONG WITH CONTINUED EXPECTATION OF HIGH LEVELS OF CUSTOMER DEMAND • Strong market momentum underpinned by recent contract wins with Rio Tinto, Fortescue and New Murchison Gold,. • Our focus is on the long-term sustainability of our profit margins and we continue to work towards opt
Slide 20: Thank You
HEAD OFFICE A 10 Yindi Way Kalgoorlie, Western Australia P (08) 9021 1011 CORPORATE OFFICE A Level 6, 905 Hay Street, Perth, Western Australia P (08) 9022 7746 EMAIL info@mlgoz.com.au WEBSITE mlgoz.com.au ABN & ASX THANK ABN 53 102 642 366 ASX MLG YOU 20 Authorised for release by the Board of Direct
Slide 21: Appendix
APPENDIX 21 FY2025 FINANCIAL RESULTS
Slide 22: Our Timeline
OUR TIMELINE 2002 2004 2007 2014 2018 2020 2022 MLG founded FieldsFirst sand First hard rock First contract- Build, own, operate Construction and Celebrating by Murray Leahy quarry operation – quarry established crushing contract fixed plant crusher at commissioning of fixed 20 years of MLG 8 Mile R
Slide 23: Meet the Team
MEET THE TEAM BOARD OF DIRECTORS EXECUTIVE LEADERSHIP TEAM ANNA NEULING MURRAY LEAHY MARK HATFIELD PHIL MIRAMS Non-Executive Managing Chief Chief Financial Chair Director Operations Officer Officer GARRET DIXON SIMON PRICE TOM GREGORCZYK Non-Executive Non-Executive Chief Director Director Commercial
Slide 24: Modern Owned Fleet Supporting Operational Performance
MODERN OWNED FLEET SUPPORTING OPERATIONAL PERFORMANCE Average Age 5.7 Years 167 13 $1.9m $100.5m Prime Movers 687 WDV Graders WDV Trailers/Dollys Average Age 7.0 Years 24 $5.6m 3 $2.0m Excavators WDV Dozers WDV Average Age 5.0 Years Average Age 8.6 Years 111 $42.2m 11 $5.8m Loaders WDV Dump Trucks W
Slide 25: Historic Financial Performance – Pro Forma
HISTORIC FINANCIAL PERFORMANCE – PRO FORMA1 Pro Forma Pro Forma Pro Forma Statutory Statutory Statutory $000’s Notes FY25 FY25H2 FY25H1 FY24 FY24H2 FY24H1 FY23 FY23H2 FY23H1 Revenue Mine Site Services and Bulk Haulage 1 494,886 248,216 246,670 412,911 226,984 185,927 329,943 179,386 150,557 Crushing